Shantanu eMinds Legal Consulting Pvt Ltd
eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.
Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2040™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated August 08, 2011 NOTIFICATION Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2040™ F. No.4 (4) W&M/2011(ii): Government of India hereby notifies sale (re-issue) of ˜8.30 per cent Government Stock, 2040™ (hereinafter called 'the Stock') for an aggregate… Read More
Investment by Foreign Investors in Mutual Fund Schemes
CIR/ IMD /DF / 14 /2011 August 9, 2011 All SEBI registered Mutual Funds/ approved Asset management Companies (AMCs) / Depository participants/ Custodians. Sir / Madam, Sub: Investment by Foreign Investors in Mutual Fund Schemes. 1. In the budget speech of 2011, Hon™ble Finance Minister announced the following: Currently, only FIIs and sub-accounts registered with… Read More
RBI Statement on Recent Global Developments
Press Release : 2011-2012/201 Developments relating to the US economy last week have significantly increased uncertainty about its prevailing condition. A sharp fall in US equity markets on Thursday was followed by a downgrade in the long-term US sovereign rating by rating agency Standard & Poor™s from AAA to AA+ with negative outlook on Friday. Two other… Read More
The Sawaimadhopur Urban Co-operative Bank Limited, Sawaimadhopur Penalised
Press Release : 2011-2012/208 The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Sawaimadhopur Urban Co-operative Bank Limited, Sawaimadhopur, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation of Reserve… Read More
Company Law Settlement Scheme, 2011
General Circular No. 59/2011 F.No. 2/11/2011-CL V To All Regional Director, All Registrar of Companies. Sub: Company Law Settlement Scheme, 2011 Sir, 1. It has been observed that a large number of companies are not filing their due statutory (i.e. Balance sheet and Annual Returns) timely with the registrar of Companies. Due to this, the… Read More
Reconstitution of the Technical Advisory Committee on Monetary Policy
Press Release : 2011-2012/187 With a view to strengthening the consultative process in monetary policy, the Reserve Bank of India had constituted a Technical Advisory Committee on Monetary Policy in June, 2009. The tenure of the Committee was up to June 30, 2011. However, it was decided to continue with the Committee up to the… Read More
Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) Penalised
Press Release : 2011-2012/200 The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat), in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation of Reserve… Read More
SEBI Circular on Processing of Investor Complaints in SEBI Complaints Redress System (SCORES)
CIR/MIRSD/13/2011 To All Bankers to an Issue (BTI) and Debenture Trustees (DT) registered with SEBI Sir/ Madam, Sub: Processing of Investor Complaints in SEBI Complaints Redress System (SCORES) 1. SEBI has commenced processing of investor complaints in a centralized web based complaints redress system ˜SCORES™. The salient features of this system are: ¢ Centralized database… Read More
Security Issues and Risk mitigation measures related to Card Not Present (CNP) transactions
RBI/2011-12/145 DPSS.PD.CO. No.223/02.14.003/2011-2012 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks Madam / Dear Sir Security Issues and Risk mitigation measures related to Card Not Present (CNP) transactions. Please refer to our circular… Read More
Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
RBI/2011-12/144 DPSS.CO.PD.No. 225/02.14.006/2011-12 August 04, 2011 To All System Providers, System Participants and all other prospective prepaid payment instrument issuers Dear Sir, Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India. A reference is invited to our circular RBI/2010-11/261DPSS.CO.No. 1041/02.14.006/2010-2011 dated November 04, 2010, containing the guidelines for enabling additional category of prepaid… Read More
RBI Notification on Anti-Money Laundering (AML)/Combating of Financing of Terrorism
RBI/2011-12/139 RPCD.CO.RCB.AML.No.1286/07.02.12/2011-12 The Chairmen / CEOs of all State / Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter RPCD.CO.RCB.AML.No.12293/07.02.12/2010-11 dated April 27, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, has further… Read More
RBI – Exim Bank’s Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana
RBI/2011-12/138 A.P. (DIR Series) Circular No. 07 August 02, 2011 To All Authorised Dealer Category -I banks Madam / Sir, Exim Bank's Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 26, 2010 with the… Read More
RBI Notification on Comprehensive Guidelines on Derivatives
RBI/2011-12/136 DBOD.No.BP.BC. 27/21.04.157/2011-12 August 2, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs), All India Term-Lending & Refinancing Institutions & Primary Dealers Dear Sir, Comprehensive Guidelines on Derivatives : Modifications Please refer to our Circular DBOD No. BP. BC. 86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines… Read More
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